Samsung plans to enter auto business with driverless technology

10 Dec 2015 | Author: | No comments yet »

Samsung jumps on the self-driving cars bandwagon.

Many would rightly say that Samsung is also ready to go where Apple is heading, as the South Korean giant has been a close Apple follower in the past few years, ever since Apple revolutionized the mobile landscape with the iPhone.

The company did not reveal details about the size of this new cross-departmental team, but said that in order to become competitive in the automotive sector quickly it would focus initially on autonomous driving systems and infotainment. Samsung Electronics on Wednesday announced it will set up a new team specialising in automotive parts to speed up its expansion into the lucrative market in an era of electric mobility. Of interest, LG reported $406 million in revenue from vehicle components for the third quarter of this year, but Samsung does not break out the performance of its vehicle components operations.

This report follows Reuters unearthing in late October that two-thirds of Samsung’s combined 1,804 patent filings since 2010 were specifically geared toward electric vehicles and electric parts for cars.

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